The internet has created access to information that was unthinkable a generation ago. That access has provided the motivated DItYer with the ability to tackle almost as many issues as they have the time to handle: with easy instructions on home improvement and repairs, to learning how to play that elusive musical...
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A loved one has recently passed, and you have been informed that you are named as the successor Trustee of their Trust, or the Personal Representative of their estate. Or perhaps you had a joint Trust with your significant other and you are now serving as the sole Trustee. You know you...
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The short answer is, “Yes.” The better question is: “Should they be acting in both capacities?”
Beneficiaries can, and often are, asked to be the Trustee, or successor Trustee, of a Trust. In cases of multiple beneficiaries, sometimes more than one beneficiary is asked to serve as Co- Trustees....
If an estate contains assets solely titled in the Decedent’s name, those assets must first pass through the Probate Court process before they can be retitled in a beneficiary’s name. If a Will exists, the Probate Court tests the validity of that Will as an initial step in this process. This initial...
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Small businesses make up about half of the private sector employment in the United States. While the exact number fluctuates, there are roughly 40 million small business in the U.S. Sixty percent of the people who start small businesses are between the ages of 40-60. Our economy depends on small business owners,...
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Not everything goes as planned. We recommend clients revisit their estate plan every 3-5 years just to make sure their original plan still meets their goals. If you are undergoing a significant life change, like a separation or divorce, it is time to move up that timeline if you are not close...
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There are a lot of misconceptions about how estate planning works. Here are a few fun facts to share at your next dinner party.
